Friday, November 25, 2011
Past Due Mortgages = 6,298,000
There were 6,298,000 mortgages going unpaid in the
as of the end of October, according to Lender Processing Services (LPS). It's a daunting number, but the data show that it's actually been on a fairly steady decline for nearly two years now. At the start of 2011, the total number of non-current mortgages in the United States stood at 6,870,000. In January 2010, it was 8,118,000. LPS' report indicates mortgage delinquencies are declining while the nation's foreclosure inventory is growing. http://www.dsnews.com/articles/past-due-mortgages-6298000-2011-11-18 U.S.